Find
Aug 31, 2015

Eurex

Information on the amendment to the Conditions for Utilization of Eurex Trade Entry Services regarding the fine regime for violations of timely trade entry and clarification of some aspects of the regime

This circular provides information with respect to the amended section of the Conditions for Utilization of the Eurex Trade Entry Services (General Conditions for Participation), as decided by the Executive Board of Eurex Clearing AG, which came into effect on 3 August 2015. This section refers to the fine regime for violations of a timely trade entry (see Eurex Clearing circular 074/15 in the attachment).

Furthermore, this circular introduces recent amendments to the General Conditions for Participation with respect to the trade entry and approval periods of Off-Book Trades, where the initiating participant and the accepting participant are the same.

In addition, it provides clarifications on the following aspects of the fine regime for violations of timely trade entry:

  • Handling of strategy trades
  • Handling of volatility trades
  • Start of Trade Entry Period for multilateral Block Trades (“Time of Trade”)
  • Push notification for approvers via subgroup specification
  • Audit trails

Market Status

XEUR

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message. 

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.